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China's External Portfolio Investment Assets (by Country or Region) at the End of June 2020 2020-11-27/en/2020/1127/1775.html
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The State Administration of Foreign Exchange (SAFE) has recently disseminated the data on banks' foreign exchange settlements and sales as well as banks' foreign-related receipts and payments for customers for October 2020. The SAFE deputy administrator and press spokesperson Wang Chunying answered media questions on foreign exchange receipts and payments for October 2020. Q: Could you brief us on the changes in China’s foreign exchange receipts and payments for October 2020? A: In October, China’s foreign exchange market remained stable and market expectations were rational on the whole. Banks’ foreign exchange settlements and sales registered a surplus of US$13 billion. A rational trading pattern was formed, that is, customers settle foreign exchange when the renminbi exchange rate goes up and purchase foreign exchange when the rate goes down. Foreign exchange expectations stayed stable. Enterprises, individuals and other non-banking sectors registered net inflows of cross-border capital of US$25.1 billion. Foreign exchange reserves remained generally stable with a balance of US$3.1280 trillion. Going forward, China’s economy will shift from fast growth to high-quality development. A new development pattern, featured as domination by domestic cycle and mutual promotion between domestic and international cycle, is expected to take shape at a faster pace. The two-way opening-up of financial market will be advanced steadily. All this will be conducive to maintaining the reasonable and balanced flows of China’s cross-border capital. 2020-11-20/en/2020/1120/1776.html
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Q: The State Administration of Foreign Exchange (SAFE) has just released the latest data on China's foreign exchange reserves. Could you explain why China's foreign exchange reserves changed in November 2020? What would you say about the future trends? A: By the end of November 2020, China's foreign exchange reserves amounted to US$3.1785 trillion, up by US$50.5 billion or 1.61% month on month. In November, China’s foreign exchange market remained robust, market expectations stayed stable and cross-border capital flows maintained a general equilibrium. On global financial markets, due to the COVID-19 pandemic, developments of vaccines and monetary and fiscal policy expectations in the major countries, the US Dollar Index tumbled, the non-dollar currencies took an upswing and asset prices of major countries, like share and bond prices, climbed. Under the combined impact of exchange rate conversion and asset price changes, China's foreign exchange reserves increased in November. Currently, with the COVID-19 pandemic still wreaking havoc across the world and increasing destabilizing and uncertain factors facing the world economy, global financial markets are faced with much more risks and challenges. Going forward, it is expected that China’s foreign exchange market will remain stable while continuing two-way fluctuations. 2020-12-07/en/2020/1207/1777.html
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According to the statisticsof the State Administration of Foreign Exchange (SAFE), the Chinese foreignexchange market (excluding foreign currency pairs, the same below) recorded totaltransactions of RMB 22.64 trillion (equivalent to USD 3.46 trillion) in December 2020. In terms of markets, thetransactions volume of client market was RMB 3.71 trillion (equivalent to USD 0.57 trillion), and the transactionsvolume of interbank market was RMB 18.94 trillion (equivalent to USD 2.89 trillion). In terms ofproducts, the cumulative transactions volume of the spot market was RMB 10.53 trillion (equivalent to USD1.61 trillion), and that of thederivatives market was RMB 12.11 trillion (equivalent to USD 1.85 trillion). From January to December 2020, a total of RMB 206.38 trillion (equivalent to USD 29.99 trillion) was traded in the Chinese foreign exchangemarket. 2021-01-29/en/2020/1225/1783.html
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Recently, the State Administration of Foreign Exchange (SAFE) releases data on China's external portfolio investment assets (by country/region) at the end of June 2020. The statistics show that China's external portfolio investment assets (excluding reserve assets) amounted to USD 700.6 billion by the end of June 2020, including USD 410.6 billion in equity investments and USD 290 billion in bond investments. The top 5 recipients of Chinese investments were Hong Kong SAR, the US, Cayman Islands, the British Virgin Islands and the UK, with the amount being USD 265.2 billion, USD 168.9 billion, USD 65.9 billion, USD 56.4 billion and USD 17.4 billion respectively. (End) 2020-11-27/en/2020/1127/1774.html
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In April 2021, China’s international trade in goods and services recorded receipts of RMB 1827.6 billion and payments of RMB 1607.6 billion based on statistics of balance of payments (BOP), registering a surplus of RMB 220.1 billion. Specifically, trade in goods registered receipts of RMB 1656.7 billion, payments of RMB 1401.8 billion, recording a surplus of RMB 254.8 billion; trade in services recorded receipts of RMB 171 billion, payments of RMB 205.7 billion, resulting in a deficit of RMB 34.8 billion. In the US dollar terms, in April 2021, China's BOP-based receipts and payments of international trade in goods and services were USD 280.3 billion and USD 246.5 billion respectively, registering a surplus of USD 33.7 billion. Specifically, the receipts and payments from trade in goods were USD 254.1 billion and USD 215 billion respectively, resulting in a surplus of USD 39.1 billion. Trade in services registered receipts and payments of USD 26.2 billion and USD 31.6 billion respectively, recording a deficit of USD 5.3 billion. (End) International Trade in Goods and Services of China (Based on the BOP statistics) April 2021 Item In 100 million of RMB In 100 million of USD Goods and services 2201 337 Credit 18276 2803 Debit -16076 -2465 1. Goods 2548 391 Credit 16567 2541 Debit -14018 -2150 2. Services -348 -53 Credit 1710 262 Debit -2057 -316 2.1Manufacturing services on physical inputs owned by others 71 11 Credit 74 11 Debit -3 0 2.2Maintenance and repair services n.i.e 20 3 Credit 39 6 Debit -19 -3 2.3Transport -115 -18 Credit 531 81 Debit -646 -99 2.4Travel -433 -66 Credit 67 10 Debit -500 -77 2.5Construction 7 1 Credit 66 10 Debit -59 -9 2.6Insurance and pension services -64 -10 Credit 30 5 Debit -94 -14 2.7Financial services 15 2 Credit 30 5 Debit -15 -2 2.8Charges for the use of intellectual property -85 -13 Credit 112 17 Debit -197 -30 2.9Telecommunications, computer and information services 113 17 Credit 310 48 Debit -197 -30 2.10Other business services 147 22 Credit 429 66 Debit -282 -43 2.11Personal, cultural, and recreational services -9 -1 Credit 10 2 Debit -19 -3 2.12Government goods and services n.i.e -14 -2 Credit 11 2 Debit -25 -4 Notes: 1. The trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as that for the BOP statement. 1. Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from the customs statistics of imports and exports, but differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2. Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1 Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2 Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3 Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4 Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5 Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management, as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insurance and pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-life insurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer to communications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audiovisual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2021-05-28/en/2021/0528/1831.html
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In May 2021, China’s international trade in goods and services recorded receipts of RMB 1733 billion and payments of RMB 1562.8 billion based on statistics of balance of payments (BOP), registering a surplus of RMB 170.1 billion. Specifically, trade in goods registered receipts of RMB 1590.7 billion, payments of RMB 1355 billion, recording a surplus of RMB 235.7 billion; trade in services recorded receipts of RMB 142.3 billion, payments of RMB 207.9 billion, resulting in a deficit of RMB 65.6 billion. In the US dollar terms, in May 2021, China's BOP-based receipts and payments of international trade in goods and services were USD 269.4 billion and USD 243 billion respectively, registering a surplus of USD 26.5 billion. Specifically, the receipts and payments from trade in goods were USD 247.3 billion and USD 210.7 billion respectively, resulting in a surplus of USD 36.6 billion. Trade in services registered receipts and payments of USD 22.1 billion and USD 32.3 billion respectively, recording a deficit of USD 10.2 billion. (End) International Trade in Goods and Services of China (Based on the BOP statistics) May 2021 Item In 100 million of RMB In 100 million of USD Goods and services 1701 265 Credit 17330 2694 Debit -15628 -2430 1. Goods 2357 366 Credit 15907 2473 Debit -13550 -2107 2. Services -656 -102 Credit 1423 221 Debit -2079 -323 2.1Manufacturing services on physical inputs owned by others 67 10 Credit 71 11 Debit -4 -1 2.2Maintenance and repair services n.i.e 16 2 Credit 33 5 Debit -17 -3 2.3Transport -103 -16 Credit 523 81 Debit -625 -97 2.4Travel -453 -70 Credit 68 11 Debit -521 -81 2.5Construction 20 3 Credit 63 10 Debit -43 -7 2.6Insurance and pension services -61 -10 Credit 19 3 Debit -80 -13 2.7Financial services -9 -1 Credit 12 2 Debit -20 -3 2.8Charges for the use of intellectual property -244 -38 Credit 19 3 Debit -263 -41 2.9Telecommunications, computer and information services 1 0 Credit 212 33 Debit -211 -33 2.10Other business services 118 18 Credit 392 61 Debit -274 -43 2.11Personal, cultural, and recreational services -13 -2 Credit 4 1 Debit -16 -3 2.12Government goods and services n.i.e 4 1 Credit 7 1 Debit -3 0 Notes: 1. The trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as that for the BOP statement. 1. Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from the customs statistics of imports and exports, but differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2. Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1 Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2 Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3 Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4 Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5 Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management, as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insurance and pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-life insurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer to communications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audiovisual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2021-06-24/en/2021/0624/1833.html
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In the first quarter of 2021, China's current account registered a surplus of RMB 487.1 billion, including a surplus of RMB 769.4 billion under trade in goods, a deficit of RMB 144.5 billion under trade in services, a deficit of RMB 153 billion under primary income and a surplus of RMB 15.2 billion under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a deficit of RMB 487.1 billion, in which foreign direct investment recorded a surplus of RMB 457.3 billion, and reserve assets increased by RMB 226.9 billion. In the US dollar terms, in the first quarter of 2021, China's current account registered a surplus of USD 75.1 billion, including a surplus of USD 118.7 billion under trade in goods, a deficit of USD 22.3 billion under trade in services, a deficit of USD 23.6 billion under primary income and a surplus of USD 2.3 billion under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a deficit of USD 75.1 billion, in which foreign direct investment recorded a surplus of USD 70.5 billion, and reserve assets increased by USD 35 billion. In SDR terms, in the first quarter of 2021, China's current account registered a surplus of SDR 52.3 billion, including a surplus of SDR 82.6 billion under trade in goods, a deficit of SDR 15.5 billion under trade in services, a deficit of SDR 16.4 billion under primary income and a surplus of SDR 1.6 billion under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a deficit of SDR 52.3 billion, in which foreign direct investment recorded a surplus of SDR 49.1 billion, and reserve assets increased by SDR 24.4 billion. (End) China's Balance of Payments (Preliminary Data) Unit:RMB 100 million Item Line No. Q1 2021 1. Current account 1 4,871 Credit 2 54,655 Debit 3 -49,784 1. A Goods and Services 4 6,249 Credit 5 49,696 Debit 6 -43,447 1.A.a Goods 7 7,694 Credit 8 45,013 Debit 9 -37,319 1.A.b Services 10 -1,445 Credit 11 4,683 Debit 12 -6,128 1.A.b.1 Processing services 13 208 Credit 14 217 Debit 15 -9 1.A.b.2 Maintenance and Repair Services 16 69 Credit 17 116 Debit 18 -47 1.A.b.3 Transport 19 -228 Credit 20 1,478 Debit 21 -1,707 1.A.b.4 Travel 22 -1,569 Credit 23 173 Debit 24 -1,742 1.A.b.5 Construction 25 29 Credit 26 188 Debit 27 -159 1.A.b.6 Insurance and Pension Services 28 -99 Credit 29 85 Debit 30 -184 1.A.b.7 Financial Services 31 31 Credit 32 88 Debit 33 -57 1.A.b.8 Charges for the Use of Intellectual Property 34 -451 Credit 35 183 Debit 36 -633 1.A.b.9 Telecommunications, Computer, and Information Services 37 86 Credit 38 754 Debit 39 -668 1.A.b.10 Other Business Services 40 552 Credit 41 1,356 Debit 42 -804 1.A.b.11 Personal, Cultural, and Recreational Services 43 -21 Credit 44 20 Debit 45 -42 1.A.b.12 Government Goods and Services n.i.e 46 -53 Credit 47 23 Debit 48 -76 1.B Primary Income 49 -1,530 Credit 50 4,296 Debit 51 -5,825 1.C Secondary Income 52 152 Credit 53 663 Debit 54 -511 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -4,871 2.1 Capital Account 56 -2 Credit 57 2 Debit 58 -4 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -4,869 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -2,599 Including: 2.2.1.1 Direct Investment 61 4,573 2.2.1.1.1 Assets 62 -1,465 2.2.1.1.2 Liabilities 63 6,038 2.2.2 Reserve Assets 64 -2,269 2.2.2.1 Monetary gold 65 0 2.2.2.2 Special drawing rights 66 -1 2.2.2.3 Reserve position in the IMF 67 21 2.2.2.4 Foreign exchange reserves 68 -2,289 2.2.2.5 Other reserves 69 0 3. Net Errors and Omissions 70 / Note: 1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit". 3. The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the quarterly average central parity rate of RMB against USD. 4.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account. 5.This table employs rounded-off numbers. China's Balance of Payments (Preliminary Data) Unit: USD100 million Item Line No. Q1 2021 1. Current account 1 751 Credit 2 8,429 Debit 3 -7,678 1. A Goods and Services 4 964 Credit 5 7,664 Debit 6 -6,700 1.A.a Goods 7 1,187 Credit 8 6,942 Debit 9 -5,755 1.A.b Services 10 -223 Credit 11 722 Debit 12 -945 1.A.b.1 Processing services 13 32 Credit 14 33 Debit 15 -1 1.A.b.2 Maintenance and Repair Services 16 11 Credit 17 18 Debit 18 -7 1.A.b.3 Transport 19 -35 Credit 20 228 Debit 21 -263 1.A.b.4 Travel 22 -242 Credit 23 27 Debit 24 -269 1.A.b.5 Construction 25 5 Credit 26 29 Debit 27 -24 1.A.b.6 Insurance and Pension Services 28 -15 Credit 29 13 Debit 30 -28 1.A.b.7 Financial Services 31 5 Credit 32 14 Debit 33 -9 1.A.b.8 Charges for the Use of Intellectual Property 34 -70 Credit 35 28 Debit 36 -98 1.A.b.9 Telecommunications, Computer, and Information Services 37 13 Credit 38 116 Debit 39 -103 1.A.b.10 Other Business Services 40 85 Credit 41 209 Debit 42 -124 1.A.b.11 Personal, Cultural, and Recreational Services 43 -3 Credit 44 3 Debit 45 -6 1.A.b.12 Government Goods and Services n.i.e 46 -8 Credit 47 3 Debit 48 -12 1.B Primary Income 49 -236 Credit 50 662 Debit 51 -898 1.C Secondary Income 52 23 Credit 53 102 Debit 54 -79 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -751 2.1 Capital Account 56 0 Credit 57 0 Debit 58 -1 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -751 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -401 Including: 2.2.1.1 Direct Investment 61 705 2.2.1.1.1 Assets 62 -226 2.2.1.1.2 Liabilities 63 931 2.2.2 Reserve Assets 64 -350 2.2.2.1 Monetary gold 65 0 2.2.2.2 Special drawing rights 66 0 2.2.2.3 Reserve position in the IMF 67 3 2.2.2.4 Foreign exchange reserves 68 -353 2.2.2.5 Other reserves 69 0 3. Net Errors and Omissions 70 / Note:1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances ,unless marked with "Credit" or "Debit". 3.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account. 4.This table employs rounded-off numbers. China's Balance of Payments (Preliminary Data) Unit: SDR 100 million Item Line No. Q1 2021 1. Current account 1 523 Credit 2 5,867 Debit 3 -5,344 1. A Goods and Services 4 671 Credit 5 5,334 Debit 6 -4,664 1.A.a Goods 7 826 Credit 8 4,832 Debit 9 -4,006 1.A.b Services 10 -155 Credit 11 503 Debit 12 -658 1.A.b.1 Processing services 13 22 Credit 14 23 Debit 15 -1 1.A.b.2 Maintenance and Repair Services 16 7 Credit 17 12 Debit 18 -5 1.A.b.3 Transport 19 -25 Credit 20 159 Debit 21 -183 1.A.b.4 Travel 22 -168 Credit 23 19 Debit 24 -187 1.A.b.5 Construction 25 3 Credit 26 20 Debit 27 -17 1.A.b.6 Insurance and Pension Services 28 -11 Credit 29 9 Debit 30 -20 1.A.b.7 Financial Services 31 3 Credit 32 9 Debit 33 -6 1.A.b.8 Charges for the Use of Intellectual Property 34 -48 Credit 35 20 Debit 36 -68 1.A.b.9 Telecommunications, Computer, and Information Services 37 9 Credit 38 81 Debit 39 -72 1.A.b.10 Other Business Services 40 59 Credit 41 146 Debit 42 -86 1.A.b.11 Personal, Cultural, and Recreational Services 43 -2 Credit 44 2 Debit 45 -4 1.A.b.12 Government Goods and Services n.i.e 46 -6 Credit 47 2 Debit 48 -8 1.B Primary Income 49 -164 Credit 50 461 Debit 51 -625 1.C Secondary Income 52 16 Credit 53 71 Debit 54 -55 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -523 2.1 Capital Account 56 0 Credit 57 0 Debit 58 0 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -523 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -279 Including: 2.2.1.1 Direct Investment 61 491 2.2.1.1.1 Assets 62 -157 2.2.1.1.2 Liabilities 63 648 2.2.2 Reserve Assets 64 -244 2.2.2.1 Monetary gold 65 0 2.2.2.2 Special drawing rights 66 0 2.2.2.3 Reserve position in the IMF 67 2 2.2.2.4 Foreign exchange reserves 68 -246 2.2.2.5 Other reserves 69 0 3. Net Errors and Omissions 70 / Notes:1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit". 3.The SDR denominated quarterly BOP statement is converted from the USD denominated BOP statement for the quarter using the quarterly average exchange rate of SDR against USD. 4.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account. 5.This table employs rounded-off numbers. 2021-05-07/en/2021/0507/1826.html
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China's External Portfolio Investment Assets at the End of 2020 2021-09-29/en/2021/0528/1830.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in April 2021, the amount of foreign exchange settlement and sales by banks was RMB 1241.2 billion and RMB 1226.8 billion, respectively, with a surplus of RMB 14.4 billion. During January to April 2021, the accumulative amount of foreign exchange settlement and sales by banks was RMB 5067.4 billion and RMB 4479.5 billion, respectively, with an accumulative surplus of RMB 587.9 billion. In the US dollar terms, in April 2021, the amount of foreign exchange settlement and sales by banks was USD 190.4 billion and USD 188.2 billion, respectively, with a surplus of USD 2.2 billion. During January to April 2021, the accumulative amount of foreign exchange settlement and sales by banks was USD 780.5 billion and USD 689.8 billion, respectively, with an accumulative surplus of USD 90.7 billion. In April 2021, the amount of cross-border receipts and payments by non-banking sectors was RMB 3000.2 billion and RMB 2895.5 billion, respectively, with a surplus of RMB 104.6 billion. During January to April 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 12054.5 billion and RMB 11163.4 billion, respectively, with an accumulative surplus of RMB 891.1 billion. In the US dollar terms, in April 2021, the amount of cross-border receipts and payments by non-banking sectors was USD 460.1 billion and USD 444.1 billion, respectively, with a surplus of USD 16.0 billion. During January to April 2021, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 1856.6 billion and USD 1719.2 billion, respectively, with an accumulative surplus of USD 137.4 billion. Addendum: Glossary and relevant definitions Balance of payments (BOP) refers to all economic transactions between residents and non-residents. Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means foreign exchange holders sell foreign exchange to designated foreign exchange bank, and foreign exchange sales means designated bank sells foreign exchange to foreign exchange buyers. The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between designated foreign exchange bank and client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity. The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract. The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand. The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client. The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client. The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding receipts and payments in cash. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks. 2021-05-21/en/2021/0521/1827.html